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> Nevertheless, Iger couldn't sell this much stock without either being accused of insider trading (since such a large sale would surely manipulate the stock pr
by magicalist 8y ago
> Nevertheless, Iger couldn't sell this much stock without either being accused of insider trading (since such a large sale would surely manipulate the stock price), and the SECs regulations on insider trading are very strict (they prosecute based on the appearance of insider trading).
Lol, this is bullshit and pretending you know what you're talking about does a disservice to this conversation. You'd know this was bullshit if you did even a basic search, which would have alerted you to the fact that Iger has sold more than this in stock before.
Disney's market cap is gigantic, this would be a blip in the daily trade volume. He just has to schedule the sale and it's no problem.